Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Utah WCF Urging Workplace Safety for Fall/Winter
Nov 11 2004 // As temperatures fall, certain workplace injuries tend to rise. Utah’s Workers Compensation Fund is urging workers statewide to learn preventive tactics to remain safe on the job this fall and winter. Common...
Judge Rules Against Mutual Benefits In Favor of SEC
Nov 10 2004 // A federal magistrate judge late today upheld findings by the U.S. Securities and Exchange Commission (SEC) that Mutual Benefits Corporation (MBC), the nation’s largest viatical settlement company, engaged in...
AXIS Announces Organizational Strategic Realignment; Opening of Singapore Branch
Nov 9 2004 // Bermuda-based AXIS Capital Holdings Limited announced that it will realign its organizational structure to enhance the brand and operations of its insurance businesses and its reinsurance businesses globally. In a separate...
ASCnet Conferees Hear How to Manage a Profitable Business
Nov 8 2004 // The latest technologies to allow independent agents and brokers to efficiently manage and ensure a profitable business were presented to more than 1,800 conferees attending the Applied Systems Client Network’s...
States Loathe to Lose Say Over Insurance Plans
Nov 8 2004 // Strong objections are being voiced in the states to part of President Bush’s prescription to make health insurance more affordable for small businesses. The principal worry is that states will lose the ability to...
ASCnet Conferees Hear How to Manage a Profitable Business
Nov 8 2004 // The latest technologies that allow independent agents and brokers to efficiently manage and ensure a profitable business were presented to more than 1,800 conferees attending the Annual Technology, Education and Networking...
AIG’s Terrorism Protection Portfolio Includes Biological and Chemical Attack Coverage
Nov 5 2004 // The AIG Companies have launched LexHomeland Protector, a comprehensive terrorism insurance portfolio designed to help protect businesses against terrorism risks, including losses arising from biological and chemical...
N.J. Man Full of ‘Hot Air’ as Proposed Hurricane Product Leads to Fraud Sentence
Nov 5 2004 // A Brick Township, New Jersey man has been sentenced to 30 months in federal prison for committing mail fraud while fraudulently inducing people to invest in his companies that purported to market and sell “hurricane...
SCOR Reports $70 Million Nine-Month Earnings
Nov 5 2004 // French reinsurer SCOR Group recently approved the company’s financial results for the nine months ended Sep. 30, 2004. SCOR has been through some rough times, but the results, which included 54.3 million euro ($70...
Aspen Reports $43 Million Q3 Loss; $122.9 Million Net Income for Nine Months
Nov 3 2004 // Aspen Insurance Holdings Limited became the latest Bermuda-based insurer to report negative earnings in the third quarter when it announced a net loss of $43 million, or 62 cents per diluted share, for the three months...
AIR Analysis Says 2004 Hurricane Season Not So Unusual After All
Nov 3 2004 // According to an analysis conducted by AIR Worldwide (AIR), a risk modeling company, the 2004 hurricane season should not be considered rare. The analysis, based on the AIR hurricane model, revealed that insurers should...
DMLR: N.C. Patients, Doctors Win with Burr Election
Nov 3 2004 // Doctors for Medical Liability Reform (DMLR) said North Carolina patients and physicians will see another supporter of national medical liability reform in the U.S. Senate come January 2005. On Tuesday, North Carolina...
S&P to Hold Telephone Conference Today on AIG, ACE
Nov 1 2004 // Standard & Poor’s Ratings Services announced that it will hold a telephone conference call on Monday, Nov. 1, 2004, at 1 p.m. U.S. Eastern Time. The bulletin said Donovan Fraser, John Iten, Mark Puccia, Tom...
RMS Expands Underwriting Capabilities, Global Suite for Catastrophe Peril Models
Oct 29 2004 // Risk Management Solutions (RMS) announced the launch of RiskLink and RiskBrowser 4.5, the latest versions of its catastrophe modeling systems. The upgraded systems include new underwriting capabilities, expanded...
Mass. Father, Son-In-Law Keep Fraud in the Family
Oct 29 2004 // A Leominster, Massachusetts man and his son-in-law were sentenced this week in federal court to terms of imprisonment for their roles in a Worcester temporary employment agency fraud scheme. United States Attorney Michael...
Conn. AG Subpoenas U.S.I. Holdings Corp.
Oct 27 2004 // U.S.I. Holdings Corp. (Nasdaq: USIH) on Wednesday announced that the Office of the Attorney General of the State of Connecticut has subpoenaed the company, requesting documents and seeking information as part of an...
Converium Reports $116.3 Million Q3 Loss
Oct 26 2004 // Embattled Swiss reinsurer Converium Holdings AG has reported a $116.3 million third quarter loss in financial statements released today. The company said the results reflect “the continuing satisfactory underlying...
Chubb Sees Growth in Q3
Oct 26 2004 // The Chubb Corporation (NYSE: CB) on Tuesday reported that net income in the third quarter of 2004 was $364.0 million or $1.88 per share, compared to $259.8 million ($1.37 per share) in the third quarter of 2003. Operating...
Japan: Powerful, Beleaguered and Consolidating
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
Converium North America Downgraded
Oct 25 2004 // Following the latest announced business plan by Converium AG, A.M. Best Co. downgraded the financial strength rating to “B” (fair) from “B++” (very good) of Converium Insurance North America (CINA)....
